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    EQS-Adhoc  109  0 Kommentare ACCENTRO announces result and status of negotiations on 'no action letters' with a group of major bondholders of the 2020/2026 bond and the bondholder of the 2021/2029 bond

    Für Sie zusammengefasst
    • ACCENTRO announces result of negotiations on 'no action letters' with bondholders.
    • Group of major bondholders of 2020/2026 bond signed 'no action letter'.
    • Negotiations with bondholder of 2021/2029 bond ongoing for final agreement.

    EQS-Ad-hoc: Accentro Real Estate AG / Key word(s): Financing/Real Estate
    ACCENTRO announces result and status of negotiations on 'no action letters' with a group of major bondholders of the 2020/2026 bond and the bondholder of the 2021/2029 bond

    10-May-2024 / 20:33 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.


    ACCENTRO announces result and status of negotiations on "no action letters" with a group of major bondholders of the 2020/2026 bond and the bondholder of the 2021/2029 bond

    Berlin, 10 May 2024 – ACCENTRO Real Estate AG (the "Company”) announces that a group of major bondholders of the 2020/2026 bond (ISIN DE000A254YS5 / WKN A254YS, "2020/2026 bond"), which in total account for approx. 41,6 % of the bond capital, have signed a “no action letter”.

    Essentially, the no action letter is intended to preclude a termination of the bond due to a breach of the limitation on net financial indebtedness set out in the bond terms and conditions and the agreed reporting obligations as well as corresponding enforcement. In addition, the no action letter contains the following main provisions: The provision of certain third-party validations as a prerequisite for validity, the Company's obligation to meet certain milestones, including certain obligations to prepare a restructuring solution to be negotiated with the respective bondholders in the upcoming months, and a provisional term until 14 July 2024.

    The negotiations with the bondholder of the 2021/2029 bond (ISIN DE000A3H3D51 / WKN A3H3D5, "2021/2029 bond") on a corresponding no action letter are constructive and positive. However, it has not yet been possible to reach a final agreement on all commercial and legal issues.

    The Management Board and the Company's advisors are working intensively to bring the negotiations with the bondholder of the 2021/2029 bond to a successful conclusion and implement the agreement in principle in a singed no action letter in due time.

     

    Notifying person:

    Thomas Eisenlohr, Head of Investor Relations
    Phone: +49 (0)30 887181272
    eisenlohr@accentro.de

     

    Berlin, 10 May 2024

    The Management Board
    ACCENTRO Real Estate AG
    Kantstraße 44/45
    D-10625 Berlin

    ISIN: DE000A0KFKB3 / DE000A3H3D51 / DE000A254YS5

    Stock exchange: Frankfurt Stock Exchange, regulated market (Prime Standard) / Luxembourg Stock Exchange



    End of Inside Information

    10-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com


    Language: English
    Company: Accentro Real Estate AG
    Kantstr. 44/45
    10625 Berlin
    Germany
    Phone: +49 (0)30 - 887 181 - 0
    Fax: +49 (0)30 - 887 181 - 11
    E-mail: info@accentro.ag
    Internet: www.accentro.ag
    ISIN: DE000A0KFKB3
    WKN: A0KFKB
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
    EQS News ID: 1900773

     
    End of Announcement EQS News Service

    1900773  10-May-2024 CET/CEST

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    EQS-Adhoc ACCENTRO announces result and status of negotiations on 'no action letters' with a group of major bondholders of the 2020/2026 bond and the bondholder of the 2021/2029 bond EQS-Ad-hoc: Accentro Real Estate AG / Key word(s): Financing/Real Estate ACCENTRO announces result and status of negotiations on 'no action letters' with a group of major bondholders of the 2020/2026 bond and the bondholder of the 2021/2029 bond …